Saudi Crown Prince Warns Of “Unimaginably High” Oil Prices

Prince Mohammed bin Salman
Prince Mohammed bin Salman

Riyadh, Sep 30: Mohammed bin Salman, the Crown Prince of Saudi Arabia, has warned in an interview broadcast on Sunday that oil prices could spike to “unimaginably high numbers” if the world does not come together to deter Iran,but preferred for a peaceful solution as military confrontation with Iran would collapse the global economy.

The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about four percent of the world GDP,” the crown prince, also known as MBS, said while speaking to the CBS program “60 Minutes

“If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” the crown prince said. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

Speaking to the CBS program “60 Minutes,” Mohammed bin Salman, the kingdom’s de facto ruler, also denied that he ordered the killing of journalist Jamal Khashoggi by Saudi operatives nearly a year ago, but said he ultimately bears “full responsibility” as the leader of his country.

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